Thursday, 28 March 2013

New Program to Mentor Entrepreneurs with Startups

New York City recently introduced a new program that would mentor startups on a fast track. New York offers a lot of competition and opportunities for newly-founded businesses. EMM Group was able to navigate the industry successfully and other businesses that have opportunities to succeed can too. This new program is helping some of the best entrepreneurs in the city make the connections and strategy necessary for long term growth.

As much time and effort as it takes to start a business, growing a new venture from 5 to 50 employees can be even more challenging. And unlike the early days of a company, when founders might have the camaraderie of an incubator program to rely on, the next stage in the startup life cycle is often a lonely one.
The NYC Venture Fellows Program wants to help these entrepreneurs get off their islands. Since 2011, the program -- a joint initiative between the city's Economic Development Corporation (EDC) and Fordham University -- has provided startups in New York City with a support system for that post-incubator, post-seed funding period.

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New York is one of the largest cities in the world, and for many businesses that is both a curse and a blessing. Having mentors for the founders allows for a great support system necessary for startups to succeed in today's world.

mark birnbaum fellowship mentor
Succeeding in New York City is no cup of coffee

Forbes Magazine Sits Down with Mark Birnbaum

Forbes Magazine recently took the time to sit down with Mark Birnbaum and chat about how he and his partner, Eugene Remm designed, built and run their New York hot spot, Catch.

For those who might not remember, Mark Birnbaum actually sat down with Forbes in April of 2010 to discuss how they built their $30 million luxury nightlife empire in light of the economic downturn. Mark has come a long way since then, opening new ventures as far down the east coast as Miami.

Feel free to take a look at the above video to see how Mark Birnbaum crafted a well rounded plan from the ground up to develop one of New York City's hottest restaurants down in the Meatpacking District.